Top 10 Richest German Billionaires 2019-2020 | Latest 2019 Update.
Richest German Billionaires 2019 – Rich people trust me are everywhere, I bet there isn’t a place where a particular person or group of people are said or known to be rich. Rich people in a way helps to motivate you and spurs you up to aim and achieve higher either from their success story or their present activity and source of income.
Germany is a large country with rich men and women as well who have made it to the top list and are leading as the richest in the country.
This article displays these top 10 rich Germans in their sequence based on their network and also discusses elaborately on their sources of wealth and family background. Good luck to you as you add more knowledge to your already existing knowledge.
1. Georg Schaeffler
George Schaeffler is the German business businessman and also a billionaire and holds the 80 percent stakes in the INA Schaeffler & Co and other 20 percents are held by his mother.
He is ranked first in the list of top 10 richest people of Germany with an estimated net worth to the US $ 26.9 billion. He is the business graduate and starts his professional working career with the Schaeffler Group.
In 2008 he newly establishes the Schaeffler Group with an expense of US $ 15 billion and acquire the auto parts venture and becomes the largest tire manufacturer of the world.
2. Dieter Schwarz
Dieter Schwarz is the famous German entrepreneur and the owner of the Schwarz Group. He is the CEO and the Chairman of the Hypermarket chain Kaufland and the supermarket chain Lidi.
He is the second richest person in Germany and ranked the 23 in the world richest person list. Dieter Schwarz estimated net worth is the US $ 19.4 billion.
3. Karl Albert
Karl Albrecht with his brother Theo Albrecht starts working with his mother’s grocery store after World War II. They both deal with the business operation and take matters into their own hands and turned it into the large retail chain with low prices and no frills. The brothers become splits in 1961 and they decided to split the ownership.
Karl took his business high and turns it into the more profitable stores in southern Germany and he gives rights to the brand in the USA, UJ, and Australia.
He also owns the Aldi Sud which is the German giant discount supermarket chain with more than 4,600 stores in nine countries and including the 1,200 locations in 32 states of USA. Karl estimated net worth is the US $ 19 billion and he is the 3rd richest person of the country.
4. Michael Otto
Michael Otto was born in Nazi-occupied Poland in 1943, nine years after his father, Werner, was jailed for distributing anti-Hitler pamphlets. After World War II, Werner Otto took his family to Hamburg and began making shoes. He founded the Otto Group in 1949, a shoe mail-orders business, with 6,000 Deutsche marks and three employees.
The Otto family is ranked the richest family of Germany who owns Crate and Barrel. The family business has grown so large and become the second largest Internet retailer worldwide, just after Amazon. Michael Otto, who is the CEO of the Otto Group for the last 26 years and he recently retired in 2007.
His brother Alexander manages Otto’s family ECE Group, which manages 185 shopping centers and is considered the most valuable asset of family. The Otto’s family also own 13 million square feet of prime real estate in the USA and most are located in New York City. Michael Otto estimated net worth is the US $ 18.1 billion and ranked at 4th in the top 10 richest persons of Germany.
5. Susanne Klatten
Susanne Klatten was born on 28th April 1962 to Herbert and Johanna Quandt in Bad Homburg in Germany. Susanne is the oldest child of Herbert Quandt and his third wife, Johanna. After graduating from high school in 1981, Klatten worked at advertising agency Young & Rubicam for two years. When her father died in 1982, she inherited stakes in BMW and Altana, a chemical company specializing in plastics and coatings.
Susanne Klatten is the inherited billionaire and holds the 12.6 percent stake in BMW. Susanne also controls the chemical manufacturer company “Altana” and holds the majority stakes in wind power business of Nordex AG, graphite, and carbon producer SGL and in the Geohumus which is the specialized firm in developing the water storing refine that will be used in agriculture.
Due to her massive wealth, Helg Sgarbi her ex-boyfriend tried to blackmail her for millions but he not get success and sent to jail for 6 years for the fraud and extortion attempted. Susanne Klatten estimated net worth is the US $ 16.8 billion and she is the fifth richest person of Germany.
6. Stefan Quandt
Father Herbert Quandt saved BMW in Germany’s troubled postwar era and built the Bavarian car manufacturer into the world’s largest maker of luxury vehicles. Stefan Quandt was born in Frankfurt, Germany, in 1966, the youngest child of Herbert and his third wife, Johanna.
Stefan Quandt is also the inherited billionaire and he is the Son the late Johanna Quand and Herbert Quandt. Stefan holds the 17.4 percent stakes in the German automobile manufacturer BMW. He shares the company’s supervisory board along with her sister Susanne Klatten and will become the chairman of the board in the future.
It is very hard to know about their professional lives because Quandt’s family is extremely shy about the publicity and Very little information about their personal lives. Stefan Quandt estimated net worth is the US $ 15.6 billion and he has become the 6th richest person of Germany.
7. Johanna Quandt
Johanna Quandt is Germany’s richest women has definitely come a long way from simply being the secretary of Herbert Quandt to his wife and also has the legal successor to his fortune. Johanna Quandt is the inherited a portion of his stock ownership in BMW, which he spared from bankruptcy in the late 1950s.
Her children, Stefan Quandt, and Susanne Klatten also have significant stakes in BMW and are also in the list of Germany’s richest people. She now lives in a quaint town near Frankfurt called Bad Homburg. Johanna Quandt estimated net worth is the US $ 13.9 billion and she is the seventh richest person of Germany.
8. Klaus Michael
Klaus-Michael was born in 1937, and joined the family business in 1958, following a banking apprenticeship. Klaus Michael is born to the business family which controls the logistics and transportation company Nagel and Kuehne for more than four decades.
He got the inherited business from his grandfather, August, who was the founder of the company but he no longer serves as the chairman of the company but still, he holds half of the shares of the company.
He is also part of the Albert Ballin KG group which is the group of investors who coupled together in an effort to keep Germany’s oldest shipping and transportation company.
Klaus Michael estimated net worth is the US $ 11.9 billion. Klaus-Michael Kühne is a businessman and a billionaire holding the position of Honorary Chairman of the international transportation and logistics company Kühne + Nagel International AG owning 53% of shares. He is also known for his investing activities.
9. Hasso Plattner
Hasso Plattner is the truly self-made billionaire in the list of top 10 richest people of Germany with an estimated net worth of US $ 9.1billion. His wealth can be credited to the success of German software SAP Company.
Plattner has established this tech firm in 1972 with other four IBM classmates, who are also billionaires in their own rights. He also founded the Hasso Plattner Institute for IT engineering at the University of Potsdam, where he takes the classes in enterprise software systems.
10. Curt Engelhorn
Curt Glover Engelhorn, great-grandson of BASF founder Friedrich Engelhorn, was born in Munich in 1926. He earned his degree in chemical engineering from the University of Texas at Austin.
He started working at the former C.F. Boehringer & Söhne GmbH in 1955 and rose to become its CEO within five years. Under his management, the hitherto medium-sized enterprise grew into a global concern.
Curt Engelhorn is also the inherited German billionaire and he is ranked the last in the top 10 richest people of Germany with an estimated net worth of US $ 8.6 billion. Curt Engelhorn has continues to his grandfather’s legacy by leading the pharmaceutical companies Depuy and Boehringer Manheim which he later sold against the US $11 billion to Roche.
He is also the greatest philanthropist and the bighearted donor to the Heidelberg Center for American Studies in the Heidelberg University and funding it regularly with a yearly donation of US $500,000.
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